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Chapter 1727 : In Trouble

  • There was silence on the other end of the phone as Minister Fang anxiously asked, "Mr. Ming? Mr. Ming, are you still there?"
  • "I'm here." Ming Li slowly closed his eyes and asked, "Has your finance department done a loss assessment? How much impact will it have on us if we can't get the materials at the original price?"
  • Minister Fang replied, "A rough estimate puts the losses at around seven to eight billion. Moreover, our group's stocks have been falling since yesterday. I've checked it myself. Yesterday afternoon, there was suddenly a capital force that went on a buying spree for our Ming Shi Group's stocks, even some struggling subsidiaries. They bought their stocks too. But starting this morning, our Ming Shi Group and its subsidiaries' stocks have been aggressively sold off. Many investors saw this capital force selling stocks like crazy and thought that the stock market turmoil was about to begin. They started selling off their stocks in large quantities as well. As a result, our Ming Shi Group's stocks, which were originally priced at 28.5 yuan per share, have now dropped to 3.21 yuan per share, nearly a nine-fold decrease. And it's still continuously falling. At this rate, it's likely to hit the limit down. If we don't take effective measures and rescue the situation in time, our Ming Shi Group's reputation will be ruined!"
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